State Farm Seeks an Urgent Increase in California Rates After Fires
State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, according to the company. The insurer expects to pay out significantly more, and the fires will be the costliest in the history of State Farm, the company said.
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...
State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
But Griselda Ellez, who picks leeks in California’s Ventura County, said she had no option but to continue working, even as ...
In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners-insurance business, up from $21 ...
Unless governments take on the financial burden of serious mitigation efforts, the price of California’s fire risk will ...
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